What is the lowest estimated cost for Engel & Volkers Engage Training, and what does it cover?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchise Agreement. The Initial Franchise Fee and the Limited Purpose Location Fee are not refundable. See Item 5.
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- The low estimate is for providing the Engel & Völkers Engage Training to one staff member ($98) and to 3 sales advisors ($98 per person) and for providing SPT Training to one staff member ($298). The high estimate includes SPT Training for 2 staff members and in-person Engel & Völkers Engage Training for up to 50 attendees. We do not usually offer Engel & Völkers Engage Training in person, but if, upon your request we agreed to provide it in person we will charge you $4,998 for that training. We would then provide your sales advisors and/or staff members a 1 day Engel & Völkers Engage training at a location in the U.S. that we designate. The fee for the in person Engel & Völkers Engage includes the trainer's compensation, travel, accommodation and incedental expenses, the training course materials and their shipment. A minimum of 15 but no more than 50 attendees would be trained. The highest estimated amount if you use the regular, virtual Engel & Völkers Engage Training is $2,752 and is calculated on the same basis as the low estimate but for providing Engel & Völkers Engage Training to 1 additional staff member and 17 additional sales advisors (for a total of 20 sales advisors and 2 staff members) and SPT Training to 1 additional staff member (for a total of 2 staff members).
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Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the lowest estimated cost for Engel & Volkers Engage Training is $98 for one staff member. The low estimate also includes training for three sales advisors at $98 per person, and SPT Training for one staff member at $298. This initial training is part of the estimated costs for opening a start-up Engel & Volkers Residential Real Estate Brokerage.
The Engel & Volkers Engage training is typically conducted virtually. However, if a franchisee requests in-person training and Engel & Volkers agrees to provide it, the cost is $4,998. This in-person training is a one-day session held at a U.S. location designated by Engel & Volkers. The in-person training fee covers the trainer's compensation, travel, accommodation, incidental expenses, training course materials, and their shipment. A minimum of 15 and a maximum of 50 attendees would be trained during the in-person session.
The FDD also mentions a higher estimated cost for the regular, virtual Engel & Volkers Engage Training, which is $2,752. This higher estimate covers training for one additional staff member and 17 additional sales advisors, totaling 20 sales advisors and two staff members, as well as SPT Training for one additional staff member, bringing the total to two staff members. Franchisees should consider these different training scenarios and associated costs when planning their initial investment.